NexGen Energy Ltd. (TSE:NXE) Receives C$13.25 Average Target Price from Brokerages

Shares of NexGen Energy Ltd. (TSE:NXE) have received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$13.25.

NXE has been the subject of a number of recent analyst reports. Desjardins set a C$13.50 price objective on NexGen Energy and gave the company a “buy” rating in a research note on Tuesday, June 10th. TD Securities boosted their price target on shares of NexGen Energy from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, August 8th.

NexGen Energy Stock Up 0.4%

NXE stock opened at C$9.41 on Thursday. The firm has a market capitalization of C$5.33 billion, a PE ratio of 36.03 and a beta of 1.76. The stock’s 50 day moving average is C$9.33 and its 200-day moving average is C$8.18. NexGen Energy has a twelve month low of C$5.59 and a twelve month high of C$12.51. The company has a quick ratio of 8.20, a current ratio of 1.16 and a debt-to-equity ratio of 35.49.

About NexGen Energy

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company’s projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery.